Russian min says no decisions to cancel OPEC+ meeting in March - Oil & Gas - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Russian min says no decisions to cancel OPEC+ meeting in March

MOSCOW, Jan 15 (PRIME) -- Russia has received no notifications about cancelling the next OPEC+ meeting to prolong automatically the deal until June and assumes it will take place in March, Energy Minister Alexander Novak told reporters on Wednesday.

УYou know, IТve read it in the news, in one of the news agencies. No one has officially contacted us at all, and even informally, so we heard about it for the first time. We proceed, in principle, from the fact that there are agreements now, which no one has canceled, that we are meeting in March,Ф he said.

УMoreover, the agreement is valid until April 1, and we need to meet in March in order to see the current situation and determine further joint actions.Ф

In November 2016, OPEC and non-OPEC states including Russia first decided to reduce their oil output to rebalance the market, and agreed on additional reduction in December 2018. In July, they prolonged the deal until April 2020. According to the latest amendments, the agreement stipulates a production cut by 2.1 million barrels per day.

End

15.01.2020 12:38
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 86.8258 -0.3464 11 aug
USD 73.7750 +0.1374 11 aug
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1267.96 -0.27 18:50 10 aug
micex 2960.78 -0.39 18:50 10 aug
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 187.27 +0.02 19:13 10 aug
lkoh 5095.00 +0.14 19:13 10 aug
rosn 367.20 +0.01 19:13 10 aug
sber 225.14 -0.94 19:12 10 aug
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 86.6850 -0.2275 14:59 10 aug
USDTD 73.4725 -0.1600 17:44 10 aug